Employment Practices Liability Insurance for Illinois Businesses
There is no getting around it—we live in a highly litigious society. A large majority of individuals who believe they have been wronged will seek redress in court. This includes employees who feel their employers have mistreated them in any way.
The problem is, employee lawsuits bring with them numerous costs for a company: attorney fees, court costs, potential settlement or jury awards, losses to reputation and much more. In the face of such economic and related losses, small and large businesses alike require stringent liability coverage. That is where employment practices liability insurance (EPLI) comes into play.
Common Claims Where EPLI Steps In
EPLI is a form of business insurance that protects employers from claims arising out of their workplace conduct. This includes claims from current, former and prospective employees involving:
- Breach of contract
- Defamation
- Discrimination
- Failure to promote
- Invasion of privacy
- Negligent evaluation
- Retaliation
- Sexual harassment
- Wrongful termination
What most businesses do not understand is that an employee can sue you, the employer, whether you are the one to perpetrate the alleged action or the action was taken by another employee, director or officer of your organization.
Here to Help You Lower Your Risk of EPLI Claims
As your insurance partner, our independent agency will not only work to tailor your management liability insurance program. We will also stand with you to create a comprehensive risk management program that helps lower your chances of facing an EPLI claim. This program can include any combination of efforts, ranging from creating well defined job descriptions and record-keeping systems to instituting zero-tolerance policies for alcohol or drug use, discrimination and sexual harassment.
Request Your Employment Practices Liability Insurance Quote
To learn more about how employment practices liability insurance can protect your business, contact our team. We can discuss benefits, drawbacks, costs and much more with you during a free consultation. We can then seek out free EPLI quotes on your behalf so you can review your options and make an informed coverage decision.
To get the process started, call our Mokena-based independent agency today at 708-532-7474 or contact our business insurance agents.
